John Hancock Premium Dividend Fund (NYSE:PDT) Sets New 12-Month High at $13.37

John Hancock Premium Dividend Fund (NYSE:PDT)’s share price hit a new 52-week high on Monday . The stock traded as high as $13.37 and last traded at $13.36, with a volume of 4876 shares trading hands. The stock had previously closed at $13.30.

John Hancock Premium Dividend Fund Price Performance

The stock’s 50 day moving average is $12.44 and its two-hundred day moving average is $11.84.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.0825 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.99 annualized dividend and a dividend yield of 7.35%.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Williams Jones Wealth Management LLC. bought a new position in shares of John Hancock Premium Dividend Fund during the first quarter valued at $127,000. HB Wealth Management LLC bought a new position in John Hancock Premium Dividend Fund during the 1st quarter valued at about $149,000. Mercer Global Advisors Inc. ADV bought a new position in John Hancock Premium Dividend Fund during the 2nd quarter valued at about $164,000. J.W. Cole Advisors Inc. boosted its position in John Hancock Premium Dividend Fund by 7.3% in the second quarter. J.W. Cole Advisors Inc. now owns 17,921 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 1,221 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in John Hancock Premium Dividend Fund during the fourth quarter worth about $239,000. Institutional investors own 12.98% of the company’s stock.

John Hancock Premium Dividend Fund Company Profile

John Hancock Premium Dividend Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.